Friday, 19 September 2014
Last updated 12 hours ago
Feb 12 2014 | 12:18pm ET
Credit Suisse's Brazilian hedge fund posted only a slight decline in the face of economic turmoil in emerging markets—including Brazil.
Credit Suisse Hedging-Griffo's Fundo Verde dropped 0.06% last month. The fund's stock holdings suffered the loss, which was offset by its fixed-income and currency investments.
"There was in fact excess optimism in prices, which was corrected throughout January and the start of February," Hedging-Griffo told investors this week. And the firm sought to shift blame for the troubles from the U.S. and China.
Hedging-Griffo wrote that uncertainty in those markets is "particularly toxic" for emerging markets, but that troubles in the latter "won't end because of a decision by the Federal Reserve of the Chinese Communist Party."
"Prices have already started to adjust and, in some cases, policies too. But this movie is far from over."
Fundo Verde manages more than 20 billion Brazilian reais (US$8.3 billion) in assets.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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